About to buy a 16 unit complex in Clarksdale, looking for a property manager nearby........anyone???

From my POV.it really depends on asset class and tenant Class.. this is a huge distinction. my clients that I sold apartment complex to in Oregon with B class.. they pay 4% but then have to pay for on site manager as employee.. so 4% to manage the on site person so that person does not rip you off :).However for BP and I have to think the vast majority of the rental property investors on this site that have gone to  D C B out of state markets.. those props are not like a 600k rental in Denver and the tenant that comes with it.. or really any city with a A class tenant..

Multis feel more like a house and you have one person living with you (or 2 or 3 depending on duplex, trip, or quad), whereas an apartment complex has more amenities, but people sharing walls everywhere.

Even if the process is more complex, it's worth exploring all avenues.Work with a Mortgage Broker: Consider working with a mortgage broker who has experience helping Canadian investors secure financing for US properties.

@Sonal Chopra I would buy several multifamily complexes in diversified markets across the country.

For new construction, it doesn't normally take years to build (large condo complexes perhaps) and you use a construction loan (I think that's what it is called, I know it isn't a normal mortgage) or put a down payment with the developer (if they are building a condo).

All other Ohio cities suck because they have a declining population 🤷‍♂️ so your saying an apartment complex in Toledo wouldnt be a good purchase now?

I know it is not easy, foreclosure law can get complex. 

I tried Invelo, I am just not impressed with the complexity of the "marketing" functionality.

With that being said, I have shifted my focus to multifamily and apartment complexes outside of our state and/or across the state in hopes of leaving behind the outrageous insurance rates.